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Essay

Gas And Oil Inflation And What Gov'T Can Do

Essay specific features

 

Issue:

Business

 

Written by:

Imogene K

 

Date added:

February 18, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1021

 

Was viewed:

3450 times

 

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Essay content:

A somewhat decent reason would be "supply is down and demand is up." American demand is up because we've lived in a fool's paradise since the mid-1980s. Until then, beginning with the oil shocks in 1973, Americans had changed appliances, cars, and habits achieved astonishing energy conservation. Energy use per dollar of gross product was cut by 30 percent in little over a decade...
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Energy use per dollar of gross product was cut by 30 percent in little over a decade. Oil prices collapsed to about $10 a barrel. In March 2000, the price of gas hit $1.80 per gallon. Scandalized congressional Republicans shamelessly pushed for repeal of Clinton's whopping 4.3-cent gas tax increase. Then as we went to war in Iraq, in the early parts of this decade, our prices have started to soar higher, since we are having problems with buying gas...
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